ARES vs BX: Correlation
Ares Management (ARES) and Blackstone Inc. (BX) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and BX?
On 3 years of weekly data the ARES/BX correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 858.3 %².
By 3-year correlation, BX places #5 of the 32 assets tracked against ARES. Twelve-month performance is nearly a tie, at -17.7% for ARES and -12.9% for BX. The link looks structural: the rolling one-year correlation barely moved, holding between 0.65 and 0.81.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARES vs BX: side by side
| ARES (Ares Management) | BX (Blackstone Inc.) | |
|---|---|---|
| 1-year return | -17.7% | -12.9% |
| 5-year return | +118.7% | +37.5% |
| Volatility (ann.) | 35.5% | 34.0% |
| Beta vs S&P 500 | 1.55 | 1.36 |
| Max drawdown (3Y) | -50.0% | -46.5% |
| Market cap | $47.0B | $171.7B |
| P/E (trailing) | 65.0 | 32.1 |
| Dividend yield | 3.48% | 3.65% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ARES | BX |
|---|---|---|
| 2022 | -12.8% | -40.0% |
| 2023 | +79.5% | +82.7% |
| 2024 | +52.7% | +35.1% |
| 2025 | -6.2% | -7.8% |
| 2026 | -9.8% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and BX good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARES and BX?
As of 2026-08-27, the correlation of weekly returns between ARES and BX is 0.71 over 3 years, 0.79 over 1 year and 0.74 over 5 years.
Is BX a good diversifier for ARES?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ares-vs-bx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ares-vs-bx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARES correlations · BX correlations
